Latest Asia Pacific News
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China Switzerland conclude FTA talks
/enpproperty--> ZURICH, Switzerland - China and Switzerland will announce the conclusion of talks over a free trade agreement (FTA), visiting Chinese Premier Li Keqiang said here Friday. In a speech delivered at a luncheon with business and financial leaders, Li said he will jointly make the announcement with Swiss President Ueli Maurer. The China-Switzerland FTA would have special ...
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China’s textile industry ‘more diversified’
/enpproperty--> Cost rises of labor and raw materials have pushed China's textile industry to become more diversified, Karin Malmstrom, China director of Cotton Council International, the export promotion unit of the National Cotton Council of America, said during a promotion campaign on Friday. "We have noticed some changes in the industry's supply chain in China, as more ...
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N Korean envoy meets China president state media
A North Korean envoy met China's President Xi Jinping in Beijing Friday and handed him a personal letter from leader Kim Jong-Un, Chinese state-run media ...
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Huge blasts gunfire heard near Indian embassy in Kabul
NEW DELHI: Large explosions have been heard in Kabul on Friday followed by gunfire. Sources told Times Now that the explosions happened near the Indian embassy though the mission was not the target of the attack. AFP reported that gunfire erupted as security forces rushed to the scene of the blasts that took place around 4pm local time. "There has been explosion in an area which is close to ...
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China Tells North Korea to Return to Nuclear Talks
BEIJING ...
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Japan PM’s Residence ‘Not Haunted’ – Government
TOKYO, May 24 (RIA Novosti) – The Japanese government denied rumors on Friday that the prime minister's official residence is haunted, the Kyodo news portal reported. The denial came after a query by an opposition lawmaker, who wanted to know if Prime Minister Shinzo Abe had not yet moved into his official residence, five months after coming to power, because of rumors that the ...
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Swings in Japan govt bonds could trigger sell-off
By Helen Bartholomew Fri May 24, 2013 9:48am EDT LONDON, May 24 (IFR) - Extreme volatility in the Japanese government bond market could trigger a sell-off on a par with what happened throughout the third quarter of 2003, when local banks and foreign investors were forced to dump their JGB holdings after heightened volatility caused the assets to exceed internal value-at-risk (VaR) ...
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Barack Obama seeks end to perpetual U.S. war on terror
WASHINGTON - Twelve years after the "war on terror" began, President Barack Obama wants to pull the United States back from some of the most controversial aspects of its global fight against Islamist militants. In a major policy speech on Thursday, Obama narrowed the scope of the targeted-killing drone campaign against al-Qaida and its allies and took steps toward closing the ...
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Asia Pacific Market Stocks end mostly lower after rollercoaster ride
Daimler rolls out Fuso truck for exports from Chennai unit Firm plans to tap markets in Sri Lanka, Asia and Africa; Trucks won't be sold in ...
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China inks accord with US to share audit files
China has signed an agreement with the US to share co audit files paving the way for more probes into accounting scandals involving Chinese firms listed in ...
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A tussle in China over the Communist Party bowing to the Constitution
China's new president and head of the Communist Party Xi Jinping attends a signing ceremony with his Palestinian counterpart Mahmoud Abbas, not pictured, at the Great Hall of the People in Beijing, May 6. This week, in a salvo of strongly worded articles in the official press, conservatives launched a new offensive against the idea of constitutional rule. Reformers cringed, and the Internet ...
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Syrian regime to attend peace talks
BEIRUT: The Syrian government has agreed "in principle" to attend a conference proposed by Russia and the United States on ending the Arab country's conflict, Russia's foreign ministry said Friday. It was the first confirmation that President Bashar Assad's government would be willing to take part in the talks with the opposition. But despite the announcement from ...
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Stockholm riots continue schools set ablaze
STOCKHOLM: More than a dozen cars were torched and schools, shops and a police station were set ablaze as riots swept through Stockholm's immigrant-dominated suburbs for the fifth straight night, police and firefighters said Friday. Police plan to call in reinforcements to help quell the riots, but parents and volunteer organisations who have patrolled the streets in recent nights have ...
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Large explosions gunfire in central Kabul
NEW DELHI: Large explosions have been heard in Kabul on Friday followed by gunfire. Sources told Times Now that the explosions happened near the Indian embassy though the mission was not the target of the attack. AFP reported that gunfire erupted as security forces rushed to the scene of the blasts that took place around 4pm local time. "There has been explosion in an area which is close to ...
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Australia gives $11.5 million for Syrian refugees in Lebanon
Bob Carr said Friday following a meeting with Prime Minister designate Tammam Salam.Carr said Australia supports Lebanon's disassociation policy from the Syrian crisis and his country is committed to ...
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Wall Street futures rise after chaotic day in Japan
U.S. stock futures rise Stock futures on Wall Street were falling ahead of the start to regular trading on Friday as markets in Japan saw heightened volatility.Dow Jones industrial average index stock futures fell 0.2%, Standard & Poor's 500 index stock futures lost 0.4% and Nasdaq 100 index stock futures were also down 0.4%.On Thursday, the Dow and Nasdaq index closed the session down ...
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Japans All Nippon Airways first to resume Dreamliner flights
The airline with the greatest number of Boeing's new Dreamliner jets will be the first to resume commercial flights with it on Sunday, four months after the 787 jet was grounded over safety ...
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China A nation on the move
China is at a crossroads. Its leaders are committed to dramatically transforming the world's second-largest economy. They want so-called knowledge businesses to supplement manufacturing. They want to increase domestic consumption to bolster growth. They want the world to covet Chinese brands. Business and political leaders from around the world will discuss and debate this ambitious vision ...
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The problem with Japans high-stakes economic mind game | Alex Hern
Japan's prime minister Shinzo Abe 'has one of the strongest mandates ever to follow unconventional economic policies.' Photograph: Toru ...
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Russia welcomes North Koreas readiness for dialogue
North Korea's declaration of readiness to return to talks with world powers, a senior Russian diplomat was cited by the Interfax news agency as saying on Friday. "The fact that Pyongyang has declared its readiness and desire to return to the negotiating tabledeserves a positive assessment," Interfax quoted Russian Foreign Ministry special envoy Grigory Logvinov as saying. A ...
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Maserati recalls 692 cars in China
Maserati Granturismo models manufactured between July 31, 2003 and September 25, 2008, said the General Administration of Quality Supervision, Inspection, and Quarantine (AQSIQ). The vehicles had "substandard" rear tyre-rods, which "could result in loss of control" depending on road conditions, ...
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Liberia China Expresses Interest in Mt. Wologizi
The Government of the People's Republic of China says the controversial Wologizi Mountain in Lofa County remains its vested area of investment in Liberia. Chinese Ambassador to Liberia Zhao Jianhua said even though no formal negotiation has been made yet, but his country has expressed interest in the mountain. "Wologizi remains one of China's interests, but it has to be ...
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Ethnic Indian party in Malaysia faces new rival
KUALA LUMPUR: The entry of a hitherto shunned ethnic Hindu body into the folds of the prime minister's department has rattled Malaysia's largest Indian-origin political party. ...
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Chinas military officials meet with Polish minister
Vice Chairman of China's Central Military Commission Fan Changlong and Chinese State Councilor and Defense Minister Chang Wanquan met separately with Polish defense minister Tomasz Siemoniak in Beijing on Friday.During the talks between Chang and Siemoniak, Chang said China will work with Poland to enhance military cooperation on high-level visits, personnel training and medical ...
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Taiwan cuts 2013 GDP growth forecast
Taiwan on Friday cut its 2013 GDP growth forecast to 2.4 percent from initially estimated 3.59 percent as faltering global recovery weighs on the island's economy.The island's statistical authority also lowered the inflation forecast this year to 1.23 percent from previous forecast of 1.37 ...
Fiji Feature
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Fiji needs to focus more on needs of the poor
Fiji is facing a major problem with informal housing or ‘squatter colonies’, especially on the outskirts of major cities such as Savu, which draw people in with the promise of jobs and prosperity. An ongoing effort by government to provide affordable housing for low-income earners is hampered by mismanagement, a lack of funds and the reluctance to evict non-payers from their homes.
Fiji is one of the more developed countries of the South Pacific island nations, but a large proportion of the population remain in poverty and exist through subsistence means rather than through formal integration with the national economy. Read more
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